Loan Programs

The following is a partial list of programs offered by Holmgren and Associates with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 510-339-2121.


Traditional loan programs that usually require at least 3% down and offer competitive interest rates. Loans up to $417,000 are called "conforming" loans. Loans between $417,000 and $625,500 are referred to as "high balance agency" or "jumbo conforming loans".

FHA Mortgage

Backed by the Department of Housing and Urban Development, this mortgage offers borrowers the ability to put as little as 3.5% down-and they can even finance "allowable" closing costs. Seller can contribute up to 6% of the purchase price to the buyer for closing costs. Credit criteria are more lenient than for conventional loans.FHA loans have a limit loan amount of $729,750. Mortgage insurance is required.

Jumbo Loans

Loans over $729,750. Lending criteria and down payment requirements are more stringent in today's tight credit markets, but availability of these products is improving. 20% down/equity is generally required.


Programs for first time homebuyers that allow for 99.5% financing of a primary residence using a combination of an FHA first mortgage for 96.5% of price and a secondary loan for 3%. Income limits apply.


Veterans administration-guaranteed loans provide 100% financing of a primary residence for qualified veterans.

Reverse Mortgages

Reverse mortgages and other equity release products designed for homeowners aged 62 and older. These products allow for supplemental income cash for other purposes without making payments. They can also be used to purchase real estate.

Get a Quick Quote!


Holmgren and Associates

DBA of Finance of America
4200 Broadway
Oakland, California 94611
Phone: 510-339-2121
NMLS 0910184/1071

Holmgren & Associates is a branch of Finance of America. We are a full service mortgage banker with an experienced staff offering expertise in residential mortgage lending, with primary focus on loans for home purchase, refinance, and reverse mortgages.

Find Us On:


©2019 Holmgren & Associates is a division of Finance of America Mortgage LLC |Equal Housing Opportunity | NMLS ID #1071 (| 300 Welsh Road, Building 5, Horsham, PA 19044 | (800) 355-5698 | Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act
Questions, comments, concerns? Send to 

This is not a commitment to lend. Prices, guidelines and minimum requirements are subject to change without notice. Some products may not be available in all states.  Subject to review of credit and/or collateral; not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision.  Any materials were not provided by HUD or FHA. It has not been approved by FHA or any Government Agency.  A preapproval is not a loan approval, rate lock, guarantee or commitment to lend. An underwriter must review and approve a complete loan application after you are preapproved in order to obtain financing.  Questions, comments, concerns? Send to